buy-down

The California Energy Commission has released its program opportunity notice – PON-11-603C – detailing the state’s Buy-down Incentives for Natural Gas and Propane Vehicles.

Trucks like Freightliner’s new 114SD, the manufacturer’s first vehicle to be offered from product launch with CNG option, should get a boost from CARB program

CEC is making available $6.45 million for light-, medium- and heavy-duty natural gas vehicles, $5.3 million for light-, medium-, and heavy-duty propane vehicles, and $1.0 million for propane school buses. Grants are for new vehicles only, disbursed through vehicle manufacturers, who are to work through California dealers and distributors.

OEMs must make sure that the incentive amount is shown clearly on the sale or lease documents, and “that the value of the incentive accrues entirely to the purchaser or lessee.”

Incentives range up to $10,000 for medium duty propane vehicles and $32,000 for heavier NGVs with fuel capacity of at least 190 DGE (diesel gallon equivalent).

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